Real World

I actually think Capital Gains taxes are too low, and corporate tax rates too high. A better rate would be 20-25% for both. CG I'd two tier, with a 20% rate up to $X aimed strictly at low to middle income investors, and a 25% rate for everything thereafter. Corporate taxes I'd peg in the 20-25% range as well. Look, it's expensive to do business in the US, versus other countries, and one way to make us more attractive, is by lowering what already is, one of the higher corporate rates in the world. That's my 2 cents.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

IcyPatriot

I am all for lowering the corporate tax rate but if you tax capital gains higher that removes millions and millions of dollars in liquidity at Wall Street. In the end it would harm the average Americans pensions / retirement money as Wall Street adjusted to less liquidity.

chicowalker

I agree that the 13% can be misleading, depending on how it's used.

We have no idea what the taxation really is because we don't know what that 13% is made up of -- and even if we did, that would take quite a bit of legwork that I doubt would be very enlightening anyway.

I'm sure Bain structures most of its deals in highly tax advantaged ways, so I'd be skeptical of a 50% estimate.

When it comes to capital gains in general, I disagree. While I think the tax code needs to be simplified greatly, I think that should include investors paying the same as workers. As a business owner, I can't make the argument that I should pay a lower rate on selling my business than me employees do working at it. (where there is an argument, IMO, is on the 1-time nature of a business sale, which is often a large but atypical form of capital gain. That's where carry forwards can legitimately come into play, though some people would probably call those loopholes if the political argument suited them)

patsfan13

Why does taxes 'need' to be progressive?


I didn't see that mentioned in our Constitution.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."